EBT Ebt Mobile

RNS Number:0360U
EBT Mobile China PLC
30 March 2007



For immediate release                                              30 March 2007

                              EBT MOBILE CHINA PLC
                        ("EBT Mobile" or the "Company")


                         JOINT VENTURE - SHANGHAI JIAQI
                              TELECOMMUNICATION CO

EBT Mobile, a leading China-based retail chain selling mobile phones and related
products and services, is pleased to announce that its Chinese subsidiary, iAtoZ
Beijing Co., Ltd., has agreed to invest #0.17m in cash to own 50% of the equity
in Shanghai Jiaqi Telecommunications Co. ("Jiaqi"). Jiaqi was set up in January
2006 and is a China Telecom Shanghai authorised dealer in Shanghai, China's
largest city.

The joint venture provides EBT Mobile with the potential to explore business
opportunities in the fixed line arena as well as providing a full range of
telecommunication services to its customers in Shanghai.

Zhang Ge, CEO of EBT Mobile said: "We are delighted to announce the
establishment of this joint venture. Jiaqi currently has 8 stores in Shanghai
and can provide a range of fixed-line services to its customers. This will be
supplemental to EBT Mobile's current wireless products and services and accords
with our intention to develop a 3M (Multi-network, Multi-terminal, Multi
-service) package to our customers over time."

EBT Mobile expects to make further announcements in the near future in relation
to other planned uses of proceeds from the recent placing, as set out in the
announcement of 4 January 2007.


For more information contact:

Terry Garrett/ Stephanie Badjonat/ John Moriarty
Weber Shandwick Financial                                          0207 067 0700

Aubrey Powell/ Giles Stewart
Panmure Gordon (Broking) Limited                                   020 7459 3600



About EBT Mobile China plc

EBT Mobile China plc is a leading Chinese mobile phone and wireless services
retail chain selling mobile phones, airtime, and other wireless products and
services. Headquartered in Shanghai, as at 29 March 2007, EBT Mobile had 233
stores in 22 cities, including Shanghai, Suzhou, Nanjing, Hangzhou, Ningbo and
Wuhan. Its mission is to become the leading "end to end" multi-platform retailer
of wireless products and services in China, the world's largest market for
mobile phones and wireless applications and content. Working with leading
industry partners such as China Mobile, Nokia, Motorola, Carrefour, Metro,
Auchan and Lotus, EBT Mobile focuses on superior product offerings, convenience
and service, as well as objective advice and outstanding customer support.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
JVESEFFWUSWSEDD

Ebt Mobile China (LSE:EBT)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Ebt Mobile China (LSE:EBT)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024